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Lake Louise Apartments For Rent in Palatine, IL

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Apartments for Rent in Palatine, IL

A town located in Illinois, Palatine has slightly less than 69,000 residents. With an average age of just under 38, the city's residents skew younger than most cities in Illinois. Only 31% of residents rent in Palatine, as most own their homes. The average rent for Palatine is $161 per month more than the state average.

Palatine has a high number of residents over the age of 25 with advanced degrees compared to the national average (7%), as 11% have earned a Master's degree or a Doctoral degree. Additionally, 21% possess a Bachelor's degree, which also outpaces the national average. Many Palatine residents work in one of four industries: retail, manufacturing, healthcare, and scientific. Together, these industries account for 27% of the city's workforce. Meanwhile, in terms of job function, 10% of the city's population works in management, making it the top profession in the city. With an average annual income of around $93,000, Palatine workers take home more than their peers elsewhere in the state. Palatine's average income also compares favorably to the national average ($73,345).

Averaging about 32 minutes, the commute time for Palatine residents is longer than nearly 70% of cities in the state. Many residents (47%) drive their car or truck to work, while public transit isn't extensively used. A small percentage of residents walk to work.